Editorial Commentary

The Faithless Remnant

There's no merit in the survival of AIG, and no thanks are due.

Thanks for nothing! The formerly bankrupt, formerly destitute, formerly craven gambling company called AIG goes on TV to say, "Thank you, America" for its bailout in 2008. Don't thank us, AIG; we didn't want to do it, even though our taxes and our national credit rating were used to preserve the illusion of your value and the illusion that the world financial system was tied to your tail.

Equally, we don't thank AIG for managing over the past four years to sell assets and restructure itself so that the U.S....